Investment Banking

At Morgan Stanley, clues on succession

Thursday promotions offer some insight into the bank's future leadership plans, a primary focus for CEO James Gorman

James Gorman, CEO, Morgan Stanley
James Gorman, CEO, Morgan Stanley Photo: Getty Images

It’s getting crowded at the top of Morgan Stanley.

The Wall Street firm on Thursday elevated two of its rising stars to bigger jobs while narrowing the responsibilities of one of its most prominent executives, Gregory Fleming.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire